Stoford, the privately owned development company, has amassed a project pipeline of 18 commercial and industrial warehouse schemes totalling more than 10-million sq ft. If laid side by side the sites would cover 700 acres.
The Birmingham-headquartered firm is working on, or is planning projects for sites across England, from London, Bristol and Bournemouth in the south, and Thame, Worcester, Coventry and Wednesbury in the Midlands. In the north, Stoford has projects lined up in Liverpool, Manchester and Wakefield.
In a statement joint managing director, Dan Gallagher, said: “Our innovative approach to site and contract procurement has ensured that Stoford remains highly competitive and is able to deliver a quality product on time and within budget.”
Among the developer’s pipeline clients are some of the UK’s largest financial institutions and occupiers including Standard Life, AXA, LaSalle, BlackRock, GE Capital, Severn Trent Water, Npower, Admiral Insurance, Tesco and the Co-operative. It is also completing contracts for The Home Office, Her Majesty’s Revenue and Customs, the Driving Standards Agency and the Department for Environment, Food & Rural Affairs.
And it has lined up some of Britain’s biggest agents and consultancies to market the commercial schemes, among them: Colliers International, Cushman and Wakefield, DTZ, CBRE, Knight Frank, Lambert Smith Hampton, Jones Lang LaSalle, Savills and Strutt & Parker.
“We are in the very fortunate position of being involved in these 18 projects which are either about to start or which are at various stages of the planning process,” added Gallagher. “It looks as though we are going to have an extremely busy time ahead.
“Having so many projects in the warehouse and distribution sector also demonstrates a major upturn in activity — whether it be build-to suit or speculative development — which is very good news indeed for us.
“With the shortage of available buildings and land in this sector we are well placed to take advantage of the strong tenant demand and record investment yields,” he conceded.
Founded in 1996 and with every share held by an employee, Stoford has built its reputation on occupier-led, pre-let commercial property developments in the Midlands. Since then, it has completed in excess of 10-million sq ft of developments across the industrial and distribution warehousing sector, production plants, business parks, distribution centres, office, retail and hotels sectors.
Previous Post
Runcorn Shopping Centre “fully let by Christmas”
